v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Income (Loss)
The following tables present information regarding segment income and significant expense information for Mattel's reportable segments. Unallocated corporate and other operating expenses include operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.
For the Three Months EndedFor the Six Months Ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
(In thousands)(In thousands)
North America Segment:
Net sales$574,317 $510,796 $1,049,461 $1,002,161 
Less:
Cost of sales (a)304,616 265,716 571,198 522,009 
Advertising and promotion expenses57,558 34,942 106,010 73,528 
Other selling and administrative expenses120,133 116,326 245,751 229,741 
North America segment expenses482,307 416,984 922,959 825,278 
North America segment income$92,010 $93,812 $126,502 $176,883 
International Segment:
Net sales$551,009 $507,766 $938,036 $843,030 
Less:
Cost of sales (a)274,408 245,034 477,142 420,556 
Advertising and promotion expenses66,758 44,182 111,159 75,794 
Other selling and administrative expenses127,953 103,620 247,974 208,431 
International segment expenses469,119 392,836 836,275 704,781 
International segment income$81,890 $114,930 $101,761 $138,249 
Total Reportable Segments:
Net sales$1,125,326 $1,018,562 $1,987,497 $1,845,191 
Less:
Total segment expenses951,426 809,820 1,759,234 1,530,059 
Total segment income$173,900 $208,742 $228,263 $315,132 
(a)Cost of sales included severance and other restructuring charges of less than $1 million and approximately $2 million for the three months ended June 30, 2026 and June 30, 2025, respectively, and approximately $1 million and $4 million for the six months ended June 30, 2026 and June 30, 2025, respectively, which were allocated to the North America and International segments.
The following table is a reconciliation of segment income to (loss) income before income taxes for the periods indicated:
For the Three Months EndedFor the Six Months Ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
(In thousands)(In thousands)
Total segment income$173,900 $208,742 $228,263 $315,132 
Unallocated corporate and other operating expenses (a)163,027 130,243 320,071 289,613 
Total operating income (loss)10,873 78,499 (91,808)25,519 
Interest expense31,755 29,354 62,838 58,588 
Interest (income)(7,036)(12,365)(17,688)(28,317)
Other non-operating expense (income), net4,141 (1,417)(143,958)11,623 
(Loss) income before income taxes$(17,987)$62,927 $7,000 $(16,375)
(a)For the three months ended June 30, 2026 and June 30, 2025, unallocated corporate and other operating expenses included: 1) incentive compensation expense of approximately $24 million and $20 million, respectively, 2) share-based compensation expense of approximately $20 million and $19 million, respectively, and 3) severance and other restructuring charges of approximately $3 million and $2 million, respectively.
For the six months ended June 30, 2026 and June 30, 2025, unallocated corporate and other operating expenses included: 1) incentive compensation expense of approximately $48 million and $44 million, respectively, 2) share-based compensation expense of approximately $33 million and $39 million, respectively, and 3) severance and other restructuring charges of approximately $19 million and $24 million, respectively.
Schedule of Segment Depreciation/Amortization
The following tables present information regarding depreciation and amortization by segment, as well as assets by segment.
For the Three Months EndedFor the Six Months Ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
(In thousands)(In thousands)
Depreciation and Amortization by Segment
North America$25,748 $23,249 $49,342 $46,120 
International17,296 14,251 32,668 28,110 
43,044 37,500 82,010 74,230 
Corporate and other5,681 5,087 10,674 10,142 
Depreciation and amortization$48,725 $42,587 $92,684 $84,372 
Schedule of Segment Assets
Segment assets were comprised of accounts receivable and inventories, net of applicable reserves and allowances.
June 30,
2026		June 30,
2025		December 31,
2025
(In thousands)
Assets by Segment
North America$724,357 $750,245 $810,153 
International787,356 762,181 760,346 
1,511,713 1,512,426 1,570,499 
Corporate and other138,405 147,967 90,247 
Accounts receivable and inventories, net$1,650,118 $1,660,393 $1,660,746 
Schedule of Revenues by Geographic Area
The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer:
For the Three Months EndedFor the Six Months Ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
(In thousands)(In thousands)
Net Sales by Geographic Area
North America$574,317 $510,796 $1,049,461 $1,002,161 
International
EMEA301,492 277,470 533,029 474,575 
Latin America139,879 128,611 214,058 193,212 
Asia Pacific109,638 101,685 190,949 175,243 
Total International551,009 507,766 938,036 843,030 
Net sales$1,125,326 $1,018,562 $1,987,497 $1,845,191